Convergence in Institutions and Market Outcomes : Cross-country and Time-series Evidence from the Business Environment and Enterprise Performance Surveys in Transition Economies

This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, fin...

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Bibliographic Details
Main Authors:	Mitra, Pradeep, Muravyev, Alexander, Schaffer, Mark E.
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING ACCOUNTING STANDARDS ADVANCED COUNTRIES BANK BORROWING BANK FINANCING BANK LOAN BRANCHES BUSINESS CYCLE BUSINESS ENVIRONMENT BUSINESS INFRASTRUCTURE CAPITAL ACCUMULATION CAPITAL MARKETS CAPITAL STOCK CAPITALIST ECONOMIES COMPETITIVE MARKET COMPETITIVE MARKETS COMPETITORS COST OF FINANCE COUNTRY DUMMIES DEVELOPING COUNTRIES DOMESTIC COMPETITION DOMESTIC COMPETITIONS DOMESTIC MARKET DOWNSIZING DUMMY VARIABLE DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC STRUCTURE ECONOMICS EMPLOYMENT EMPLOYMENT GROWTH ENTERPRISE FINANCE ENTERPRISE PERFORMANCE ENTERPRISE RESTRUCTURING ENTREPRENEURSHIP EQUITY FINANCING EXPANSION EXPORTERS EXTERNAL FINANCE EXTERNAL FINANCING FACTOR MARKETS FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL RISK FINANCIAL SECTOR FINANCING OBSTACLES FIRM GROWTH FIRM PERFORMANCE FIRM SIZE FIRMS FIXED INVESTMENT FOREIGN COMPETITION FOREIGN MARKETS FOREIGN OWNERS FOREIGN OWNERSHIP GLOBALIZATION GROWTH RATE GROWTH RATES HUMAN CAPITAL INCOME INCOME LEVEL INCOME LEVELS INFLATION INFLATION RATES INFORMAL FINANCE INNOVATION INSTRUMENT INTERNAL FINANCING INTERNATIONAL BANK INTERNATIONAL TRADE INVESTMENT CLIMATE JOB CREATION JOB CREATION RATES LABOR MARKET LABOR PRODUCTIVITY LEGAL PROTECTION LEGAL SYSTEM LENDERS LICENSING LIVING STANDARDS LOAN LOANS FROM FAMILY LOCAL MARKET LOW-INCOME COUNTRY MARKET CONDITIONS MARKET ECONOMIES MARKET ECONOMY MARKET ENVIRONMENT MARKET POWER MARKET STRUCTURE MATURE MARKET MONEY LENDERS MONOPOLY MOTIVATION NEGATIVE SHOCK NEW MARKET NEW MARKETS NEW PRODUCT NEW PRODUCTS OLIGOPOLY OUTPUT OWNERSHIP STRUCTURE PRICE ELASTICITY OF DEMAND PRIVATE SECTOR GROWTH PRIVATIZATION PRODUCT MARKETS PRODUCT QUALITY PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT OPPORTUNITIES PROPERTY RIGHTS RAPID EXPANSION RAPID GROWTH RETURN RISK MANAGEMENT SALES SIZE OF FIRMS SMALL FIRM SMALL FIRMS SOCIALIST ENTERPRISES SOFT BUDGET CONSTRAINT SOFT BUDGET CONSTRAINTS STARTUP STATE BANK STATE BANKS STOCK MARKETS SUPPLIERS SUSTAINABLE GROWTH TRADING TRANSITION COUNTRIES TRANSITION COUNTRY TRANSITION ECONOMIES TRANSITION ECONOMY USE OF BANK CREDIT
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090113083329 http://hdl.handle.net/10986/4017